Kolmar patriarch wants shares gifted to son back amid sibling rivalry

In a dramatic and unprecedented legal move that has shaken South Korea’s corporate landscape, Kolmar Group founder and Chairman Yoon Dong-han ...

Hanwha gears up for 3rd-generation leadership with chairman’s stake gift

South Korea’s chemical-to-defense conglomerate Hanwha Group Chairman Kim Seung-youn will hand over half of his holdings in the conglomerate&rs...

Heavy inheritance, gift taxes spur rich Koreans to emigrate to Singapore

A South Korean co-CEO of a blockchain investment firm with hundreds of millions of dollars in assets moved to Singapore last year to avoid the North...

LG Uplus offers Korean Air gift cards to 5G subscribers

South Korea’s LG Uplus Corp. is expanding benefits for subscribers of its online-exclusive prepaid plan Nugget, including offering Korean Air ...

Bibigo opens store in Incheon Airport duty-free shops

CJ CheilJedang Corp.'s Korean food brand Bibigo announced on Tuesday that it recently opened its stores at Shinsegae Duty Free and Shilla Duty Free ...

S.Korea should cut inheritance, gift taxes to OECD levels: SME lobby chief

South Korea, which imposes some of the highest inheritance and gift taxes on businesspeople among the Organization for Economic Cooperation and Deve...

CU to sell souvenir snack set for foreign tourists

South Korean convenience store chain CU next month will launch a souvenir snack set for foreign tourists.This will be the first product of its kind ...

The North Face supplier Youngone hints at succession plan

Youngone Corp., a South Korean outdoor clothing maker to global brands like The North Face and Patagonia, has given a clearer signal that Chairman...